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Does a net oil exporter setting output records need an SPR?

Commodities | Electric Power | Electricity | Energy | Nuclear | LNG | Natural Gas | Natural Gas (European) | Oil | Crude Oil | Refined Products | Fuel Oil | Gasoline | Jet Fuel | Petrochemicals | Olefins

Market Movers Europe, Jan 24-28: Commodities remain on knife edge despite reduced gas price driver

Energy | Oil | Crude Oil

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Energy | Oil | Petrochemicals | Olefins | Polymers | Crude Oil

Asian Refining and Petrochemicals Summit

Agriculture | Grains

Russia's 2021-22 wheat exports fall 21% on year, prices recover slightly

Energy | Energy Transition | Oil

Fuel for Thought: Alaska officials hit the road to make the case for oil, gas investment

Listen: Does a net oil exporter setting output records need an SPR?

On this week's Platts Capitol Crude we talk with Keisuke Sadamori, the International Energy Agency's director for energy markets and security, about the US' changing role in the global oil market and necessity of the US Strategic Petroleum Reserve.

The SPR wasn't tapped after the September 14 attacks on Saudi oil facilities, but Sadamori says the mere fact that it could have been likely kept oil prices relatively stable. And as the US approaches new status as a net oil exporter, Sadamori says there is still a need for strategic stocks.

Related coverage: Foreign governments may rent SPR space, commercial leasing may be too costly: DOE official